Glarner Kantonalbank (XSWX:GLKBN) Debt-to-Equity

: 6.37 (As of Jun. 2023)

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Glarner Kantonalbank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was CHF0.00 Mil. Glarner Kantonalbank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was CHF2,631.84 Mil. Glarner Kantonalbank's Total Stockholders Equity for the quarter that ended in Jun. 2023 was CHF413.27 Mil. Glarner Kantonalbank's debt to equity for the quarter that ended in Jun. 2023 was 6.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Glarner Kantonalbank's Debt-to-Equity or its related term are showing as below:

XSWX:GLKBN' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.79 Med: 4.37 Max: 6.37
Current: 6.37

During the past 13 years, the highest Debt-to-Equity Ratio of Glarner Kantonalbank was 6.37. The lowest was 2.79. And the median was 4.37.

XSWX:GLKBN's Debt-to-Equity is ranked worse than
97.49% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs XSWX:GLKBN: 6.37

Glarner Kantonalbank Debt-to-Equity Historical Data

The historical data trend for Glarner Kantonalbank's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Glarner Kantonalbank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

4.50

4.57

4.55

4.98

5.82

Glarner Kantonalbank Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Debt-to-Equity																5.27	5.41	5.57	5.82	6.37

Competitive Comparison

For the Banks - Regional subindustry, Glarner Kantonalbank's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Glarner Kantonalbank Debt-to-Equity Distribution

For the Banks industry and Financial Services sector, Glarner Kantonalbank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Glarner Kantonalbank's Debt-to-Equity falls into.

Glarner Kantonalbank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glarner Kantonalbank's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	2417.676)	/	415.092
	=	5.82

Glarner Kantonalbank's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	2631.836)	/	413.266
	=	6.37

Glarner Kantonalbank (XSWX:GLKBN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Glarner Kantonalbank Debt-to-Equity Related Terms

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Glarner Kantonalbank (XSWX:GLKBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Glarner Kantonalbank (XSWX:GLKBN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GLKBNz:UK

Address

Hauptstrasse 21, PO Box 365, Glarus, CHE, 8750

Website

http://www.glkb.ch

Glarner Kantonalbank provides banking and financial services. Its services includes e-banking, private, savings, and investment banking services. It focuses on the mortgage and savings business as well as the asset management and investment business. The Bank provides its services to customers in the Canton of Glarus and in the neighboring economic area.

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